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Vedanta Resources to buy back a further US$348.6M of debt

Vedanta ResourcesPlc on April 1 announced a further bond buyback to the tune of up toUS$348.6 million.

This follows the announcement earlier this year of a US$250 millionbuyback, which was subsequently increasedto US$321.9 million.

The latest will see the group buying back up to US$148.6 millionof the outstanding US$743 million worth of 6.75% bonds due 2016, and up to US$200million of the outstanding US$582 million worth of 5.50% convertible bonds due 2016of Vedanta Resources Jersey Ltd.